Bank of Rajasthan revises NRE & FCNR rates

Bank of Rajasthan, one of the fastest growing, technology driven and customer friendly private sector bank, has announced revision in Non-Resident (External) Rupee (NRE) deposits interest rates and Foreign Currency Non-Resident (Banks) FCNR (B) deposit interest rates with effect from October 01, 2008.

Mumbai, Maharashtra, IND, 2008-10-06 01:21:00 (IndiaPRwire.com)
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(A) NRE Fixed Deposits Rates

As per the revised rates, interest rates on Non-Resident (External) Rupee deposits for :

1 year to less than 2 years has been revised to 4.46% from 3.71% p.a.

2 year to less than 3 years has been revised to 3.76% from 3.81% p.a.

and rate for 3 years and above has been revised to 4.06% from 4.13% p.a.

(B) FCNR Deposits Rates

The interest rate on FCNR (B) deposits in U.S. Dollar for:

1 year to less than 2 years has been revised to 3.71% from 2.96% p.a.

2 years to less than 3 years has been revised to 3.02% from 3.06% p.a.

3 years & above but less than 4 years has been revised to 3.31% from 3.38% p.a.

4 years & above but less than 5 years has been revised to 3.45% from 3.60% p.a.

5 years only has been revised to 3.64% from 3.76% p.a.

The interest rates on FCNR (B) deposits in Great Britain Pounds for:

1 year to less than 2 years has been revised to 6.27% from 5.77% p.a.

2 years & above to less than 3 years has been revised to 5.07% from 5.15% p.a.

3 years only has been revised to 5.00% from 5.13% p.a.

The interest rates on FCNR (B) deposits in Euro for

1 year to less than 2 years has been revised to 5.24% from 5.08% p.a.

2 years and above but less than 3 years has been revised to 4.37% from 4.63% p.a.

3 years only has been revised to 4.34% from 4.53% p.a.

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About The Bank of Rajasthan Ltd.

Established way back in 1943, The Bank of Rajasthan Ltd. is one of the fastest growing private banks in the country, which has made strides by making profits constantly during the last some years. With a wide network of 464 branches in the entire length and breadth of the country, The Bank of Rajasthan Ltd. has emerged as one of the largest private sector banks in the country. The bank has made tremendous and historical progress during the last some years, thanks to the unparallel corporate governance and vision shown by the management. The Bank has over two-million customer base and offers ATM facilities at over 10,500 ATMs across the country with strategic tie-up with other banks. All the branches of bank spread over 286 cities across India in 22 states and 2 union territories and all branches offering online services. The bank has covered 125 cities in Rajasthan alone.

Financial Highlights of The Bank of Rajasthan Ltd.

The bank has recorded its highest ever-net profit for the financial year 2006-07. The net profit of the bank increased significantly by 625.05% aggregating to Rs.110.57 crores for the year ended March 31, 2007 against Rs. 15.25 crores for the year ended March 31, 2006. The bank has declared 1:4 bonus shares (one equity share for every four equity share) following the FY 06-07 results. The bank has also declared a dividend of 20% for the year 2006-07. For the first nine months, ended on 31.12.2007 of the current fiscal, the bank has reported net profit of Rs.96.49 crore.

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For more information, Please contact:

Anilkumar Yadav
Account Executive
PRANA Public Relation

Phone: +91-22-22884046
Fax: +91-22-22884058

You can also visit www.bankofrajasthan.com for more information.

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